Like your book, my book "Macroeconomics Redefined" published in June 2015 also relates recessions to the stock market or other asset market crashes that precede them.

In addition it predicted the current stock market fall and coming crash. This is what it said: "Fig 2.13 shows that in January 2015 the Y-o-Y growth of MC [Corrected Money Supply] was 7.4% and falling steadily. If it falls at the same rate it should be firmly in negative territory a year from now. If the past is any guide to the future, we can expect a collapse in one or more financial markets and a recession."